Upgrading the long -term credit rating of the Greek economy to ‘BBB’ From “BBB (Low)” Morningstar DBRS proceeded with consistent perspectives From positively positively, opening the “dance” of evaluations for this year.

At the same time, it upgraded our country’s short -term credit rating to R-2 (High) from R-2 (Middle), also with fixed perspectives.

As the house points out in his report, the upgrade reflects his view that the risks to the banking system have receded, while at the same time continuing over -performance of budgetary targets.

In particular, DBRS notes that Greek banks have improved their fundamental sizes, they are more durable and in good position to provide credits In the economy, even after the end of the Next Generation EU (NGEU) program. This, according to the house, reflects the estimate that they are facing lower risks, with a significant decline in gross non -performing loans index, which is now close to the average of the European Union (EU), coupled with the expectation that deferred tax deductions (DTC) will be reduced.

In addition, the house adds, as a result of the recovery of the Greek economy and strong investment interest, the Hellenic Financial Stability Fund (HFSF) reduced its rates to systemic banks, alleviating the state’s relationship with the banking sector.

Morningstar DBRS also stresses that the ratio of public debt to GDP should have been reduced by almost 10 percentage points from 2023 to about 154% in 2024.

He adds that budget revenue continues to over -budget in terms of fiscal targets, with increasing primary surpluses, which are expected to remain increased in the future.

This, as he points out, will probably facilitate the further significant reduction in the speech of public debt to GDPwhich the government predicts that it will fall below 140% to 2027.

The credit rating action is supported by improvements in the structural data “Monetary Policy and Financial Stability” and “Financial Management and Politics”.

It is noted that the Ministry of Finance estimated that 2025 will be the year of new upgrades, due to the continuation of the strong growth performance of the economy, the seamless absorption of the resources of the recovery fund and the reforms it entails, as well as the high primary surpluses.

Hatzidakis: Voting of Confidence, but also a message for political stability

According to the Minister of National Economy and Finance, Kostis Hatzidakis, the upgrading of the Greek economy by DBRS Morningstar is, according to the government’s financial choices.

As the Minister of National Economy and Finance notes, today’s upgrade is also “and reminder, especially these days, to continue a prudent economic policy and to remain Greece away from populism and political instability”.

Eyes are now turning to Moody’s

The assessment baton receives in a week from now, on March 14the house Moody’s that upgraded the prospects of the Greek economy from “constants” to “positive” in September.

Moody’s is the only one of the five -recognized ECBs, who has not yet given the investment level In Greece, but this year it may be the year this will happen, as its evaluation is a step below (BA1) and last September revised the prospects to positive. Moody’s second evaluation will take place this year on September 19th.

Moody’s evaluation house last September revised the prospect of the country’s credit rating (BA1), pointing out the best of the budget execution and the improvement of the banking sector.